Tencent’s evergreen games signal high player engagement but lack of new IPs
On Wednesday, Tencent released its 2024 annual financial results, declaring 14 games to be “evergreen games” generating over four billion yuan ($550 million) annually with an average of five million…
Baidu exec’s teen daughter linked to doxing scandal using overseas data in online dispute
A Weibo user sparked online outrage after allegedly doxing multiple Chinese netizens who had criticized her comments about K-pop star Jang Won-young. The user reportedly obtained personal information about other…
Translation: “Why is Everyone Talking About China ‘Seizing’ Australia?”
Following China’s unannounced naval exercises off the coast of Australia late last month, there has been a noticeable increase in Chinese social media content promoting the invasion (or “nabbing/seizing”) of…
Tencent Music reports revenue growth in 2024, announces buyback plan
On March 18, 2025, Tencent Music Entertainment Group released its unaudited financial results for the fourth quarter and full year ended December 31, 2024. The result reported a 2.3% year-on-year…
Xiaomi reported $50.62 billion revenue in 2024, pledges $970 million for AI development
Xiaomi on Tuesday released its full-year financial earnings for 2024, announcing a record-high revenue of RMB 365.9 billion ($50.62 billion), a 35.0% year-on-year increase. The company’s adjusted net profit also…
Alibaba’s 1688 to eliminate “refund only” policy
Alibaba’s wholesale platform 1688 announced on March 17 that it will fully remove the “refund only” option starting in late March. Disputes over product quality will now be assessed based…
Meituan’s “lightning warehouse” network to expand instant delivery offering to digital appliances
Meituan Instashopping plans to expand its “lightning warehouse” system – online-only fulfillment hubs optimized for rapid delivery – to digital appliances this year, following strong growth in convenience store partnerships,…
Google partners with MediaTek for next-gen TPU, shifting orders from Broadcom
Google is teaming up with MediaTek to develop its next-generation Tensor Processing Unit (TPU), which is set to enter production at TSMC next year, sources told US tech media The…